These states have been thriving since the great recession. How does your state stack up?

These states have been thriving since the great recession. How does your state stack up?

Colin GrubbNov 28, 2017

As the stock market regularly hits new highs and the unemployment rate continues to fall, memories of the Great Recession are beginning to fade – and justifiably so. As a whole, the U.S. economy has experienced strong growth over the past eight years with little sign of slowing down. The Bureau of Economic Analysis recently reported that real GDP increased at an annual rate of 3% in Q3 of 2017, the highest since Q1 of 2015.

Despite strong recovery at a national level, some states have fared better than others. With that in mind, researchers at ConsumersAdvocate.org decided to analyze each state's GDP growth to find which states had outperformed the national average since the end of the Great Recession.

Here are the states with the largest GDP growth since Q3 2009.

Methodology

ConsumersAdvocate.org analyzed data from the Bureau of Economic Analysis (BEA). For every state, it calculated a "Post-Recession Growth Rate", which is the percent change in real GDP from Q3 2009 to Q2 2017. States were ordered based on their respective growth rates. The fastest growing industry in each state was determined using the same methodology. The "Annual GDP" figure reported for each state is the Q2 2017 estimated annual rate provided by the BEA in current US Dollars. Data was pulled on November 22, 2017.